Chela strengthens Nelnet's presence in the west
Nelnet's recent acquisition of the Chela brand and portfolio will provide students with even more options for attending the education they deserve while keeping debt to a minimum.

In addition to the Chela portfolio, Nelnet has taken ownership of all related servicing assets, including the lease on a servicing and origination center in Mesa, Arizona, used to service approximately $700 million of the Chela portfolio. The Mesa location will continue to provide education financing services to both Chela and Nelnet borrowers. The agreement has also granted Nelnet the rights to originate student loans under the Chela brand in the marketplace. The newly-combined Nelnet-Chela salesforce will continue to present the widely-recognized Chela name, which has been strengthened with additional resources, products, and services from Nelnet.

For more information about Chela, visit www.chelastudentloans.org.